Jupiter’s assets under management drops as client demand held back by high inflation and war April 26, 2022 British fund manager Jupiter Fund Management has seen its assets under management drop as geopolitical and inflationary pressures dampened client demand. In a trading update for the three months to 31 March, the firm said its assets under management closed the period at £55.3bn. This marked a £5.2bn drop from 31 December, fuelled by negative [...]
Fund manager Jupiter gets ready to fend off bids worth £1.3bn December 11, 2021 Jupiter fund manager is enlisting advisory help in preparation of takeover bids, as dealmaking activity across the industry reaches fever pitch, according to Sky News, which first reported the news. The asset manager has hired advisory firm Robey Warshaw to come up with a plan to fend off prospective bidders eyeing up the FTSE-250 company, [...]
Jupiter Fund Management’s assets break another record as outflows accelerate July 30, 2021 British fund manager Jupiter reported a rise in interim profit, record inflows and assets under management, offsetting a jump in outflows from the year earlier. Assets under management finished the six months to June 30 at £60.3bn on June 30, exceeding the £60bn mark for the first time and jumping 54 per cent from £39.2bn [...]
Jupiter adds to pressure on Barclays over fossil fuel financing March 3, 2020 Jupiter Asset Management has backed a landmark shareholder resolution calling on Barclays to stop financing fossil fuel producers that are not aligned with the Paris Agreement climate goals. Jupiter, which is one of Barclays’ top-25 shareholders, has joined 11 other institutional investors and over 100 individual shareholders in backing the motion, which is thought to [...]
Jupiter Fund Management snaps up Merian for £370m February 17, 2020 Jupiter Fund Management today confirmed it has clinched a £370m deal to buy Merian Global Investors in what analysts have branded a “defensive” move. Jupiter will become the world’s second largest retail funds manager after the acquisition in a sector where rising regulatory pressures have encouraged actively managed funds to band together. “This is an [...]
Jupiter nears deal to buy asset manager Merian February 16, 2020 Jupiter Fund Management is close to buying Merian Global Investors from private equity firm TA Associates, in a deal that would create a merged company with £67bn of assets under management. The company said that “discussions have been underway for some time”, adding that both parties are “confident that the combination would have the potential [...]
Star stockpicker apologises for ‘having too much’ Wirecard stock January 28, 2020 Former Jupiter fund manager Alexander Darwall has apologised to investors for making too large a bet on fintech Wirecard, which is facing scrutiny over its accounting practices. At one point Darwall, who left Jupiter in July to establish his own fund management business, had over 17 per cent of his £1bn investment trust in the [...]
Hedge funds ramp up bets against Jupiter Fund Management May 22, 2019 Hedge funds have increased their bets against Jupiter Fund Management making it one of the most shorted UK companies. The asset manager’s shorted stock has increased to 10.55 per cent, more than that of struggling firms such as AA and Marks & Spencer, from 7.37 per cent at the beginning of April. Read more: Jupiter assets [...]
Jupiter finance chief Charlotte Jones moves to insurer RSA February 26, 2019 Jupiter Fund Management chief financial officer Charlotte Jones has been poached by FTSE 100 insurance group RSA. The fund management firm said Jones’ departure to join RSA in the same role after three years was “disappointing”. Read more: Ex-Janus Henderson boss to replace Jupiter Fund Management chief executive Jones, who already sits on the RSA [...]
Ex-Janus Henderson boss Andrew Formica to replace Jupiter Fund Management chief executive Maarten Slendebroek January 22, 2019 The chief executive of Jupiter Fund Management Maarten Slendebroek is to step down earlier than expected to be replaced by former Janus Henderson boss Andrew Formica. Jupiter’s board had already decided to replace Slendebroek within the next two years, however they brought the date forward to March this year due to Formica’s availability. Read more: Jupiter [...]